News
Mutual Funds and ETFs Scorecard: June 21 Edition
Over the last fortnight, the stock markets across the globe have been rather...
US Broad mostly includes funds focused on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focused on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.
U.S. Broad
Almost all U.S. equities were down over the past two weeks. The sell-off was rather indiscriminate, with small-cap funds, large-cap funds and growth funds all posting heavy losses.
Top Performers
Worst Performers
Dividend
Dividend equities have all posted weak results, in a fortnight mired by a global sell-off.
Worst Performers
Fixed Income
Fixed income assets have shown relatively better performance compared to equities, with one global bond fund and funds shorting long-term Treasuries posting positive performance.
Top Performers
Worst Performers
Sector
Reinsurance stocks have posted slightly positive performance, while funds shorting technology stocks have been among the strongest gainers.
Top Performers
Worst Performers
Foreign
Chinese stocks were among the foreign stocks that posted positive performance, as investors are rotating in the country’s beaten-down stocks in search of lower valuations. At the other end of the spectrum were Latin American and European funds.
Top Performers
Worst Performers
Alternatives
Managed futures and the volatility-based funds have been the best performers in the bunch. Commodities have not managed to pull positive performance this fortnight, as investors sold off this asset class, thanks to expectations of lower demand.
Top Performers
Worst Performers
ESG
ESG funds have been beaten down, with no major fund posting positive performance.
Worst Performers
The European Central Bank also expects to raise interest rates two times over the next months, while it is also expected to take some steps on “fragmentation,” an expression meaning interest rate hikes could be felt differently across EU countries.
As expected, Bank of England raised interest rates by 0.25% to 1.25% in a unanimous vote by the nine members of the monetary policy committee.
Bank of Japan resisted tightening monetary policy even as the yen reached a two-decade low against the U.S. dollar.
Chinese Consumer Price Index came in below expectations at 2.1%, as severe coronavirus lockdown measures have dampened demand.
Fund performance data is calculated for the period between June 6 and June 17.
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US Broad mostly includes funds focused on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focused on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.
U.S. Broad
Almost all U.S. equities were down over the past two weeks. The sell-off was rather indiscriminate, with small-cap funds, large-cap funds and growth funds all posting heavy losses.
Top Performers
Worst Performers
Dividend
Dividend equities have all posted weak results, in a fortnight mired by a global sell-off.
Worst Performers
Fixed Income
Fixed income assets have shown relatively better performance compared to equities, with one global bond fund and funds shorting long-term Treasuries posting positive performance.
Top Performers
Worst Performers
Sector
Reinsurance stocks have posted slightly positive performance, while funds shorting technology stocks have been among the strongest gainers.
Top Performers
Worst Performers
Foreign
Chinese stocks were among the foreign stocks that posted positive performance, as investors are rotating in the country’s beaten-down stocks in search of lower valuations. At the other end of the spectrum were Latin American and European funds.
Top Performers
Worst Performers
Alternatives
Managed futures and the volatility-based funds have been the best performers in the bunch. Commodities have not managed to pull positive performance this fortnight, as investors sold off this asset class, thanks to expectations of lower demand.
Top Performers
Worst Performers
ESG
ESG funds have been beaten down, with no major fund posting positive performance.
Worst Performers
The European Central Bank also expects to raise interest rates two times over the next months, while it is also expected to take some steps on “fragmentation,” an expression meaning interest rate hikes could be felt differently across EU countries.
As expected, Bank of England raised interest rates by 0.25% to 1.25% in a unanimous vote by the nine members of the monetary policy committee.
Bank of Japan resisted tightening monetary policy even as the yen reached a two-decade low against the U.S. dollar.
Chinese Consumer Price Index came in below expectations at 2.1%, as severe coronavirus lockdown measures have dampened demand.
Fund performance data is calculated for the period between June 6 and June 17.
Receive email updates about best performers, news, CE accredited webcasts and more.
News
Over the last fortnight, the stock markets across the globe have been rather...
Justin Kuepper
|
Let's examine a few of the most interesting active ETFs launched in May...
Kristan Wojnar, RCC™
|
This week, we are looking at the topics of hospitality, new client meeting...
Mutual Fund Education
Justin Kuepper
|
Let's take a closer look at how ESG investments have outperformed during the...
Mutual Fund Education
Daniel Cross
|
While CITs and mutual funds share many similarities, there are some key differences...
Mutual Fund Education
Sam Bourgi
|
The phrase ‘bear market’ has been thrown around a lot lately, but it...